US Capacity Utilization Rises to 9-Month High

Capacity utilization in the US rose to a nine-month high of 78.8% in June 2024, from a downwardly revised 78.3% in May, above forecasts of 78.4%.

The rate is now 0.9 percentage points below its long-run average.

Capacity utilization for manufacturing moved up to 0.3 percentage points 77.9%, a rate that is 0.4 percentage points below its long-run average.

The operating rate for mining rose 0.3 percentage points to 89.3%, while the operating rate for utilities increased 1.8 percentage points to 73.8%.

The rate for mining was 2.8 percentage points above its long-run average, while the rate for utilities remained substantially below its long-run average.